After the NBU increased the key rate by 50bp to 17.5%, the Ministry of Finance had to increase cut-off rates at the primary auction yesterday, which, once again, increased the cost of budget financing. For three-month and six-month bills, rates were increased by 60bp, and for 12-month and three-year instruments by 45bp and 55bp, respectively.

The weekly Credit Brief (WCB) provides summaries of significant credit-related events that occured around the globe in the lastest week. This week's WCB includes the following story:
India's Jet Airways faces uncertainty amid high fuel cost and stiff competition